Mark Zuckerberg, one of the world’s youngest multi billionaires has turned 28 today. He is exactly half the age of the average S&P 500 CEO, according to reports from executive search firm Spencer Stuart.
Even though he is only 28 years old, he has been the leader for Facebook now for the last 8 years, which is a year longer than the ‘average’ CEO, according to the same report.
Facebook are expected to start selling stock to the public for the first time and then being trading on the Nasdaq Stock Market on Friday. The company could be valued at close to $100 billion, meaning it would already be worth more than Ford, Disney and Kraft Foods. Some of the largest companies in the world.
Zuckerberg has been hugely successful since forming the company in 2004. It was known as “Thefacebook.com” back then and helped college students connect connect with each other online. A new concept at the time. It has grown in the last 9 years to support 900 million people worldwide. It is the leading social networking site.
Zuckerberg may be young, but he has proven good under pressure and has refused takeover deals from the likes of Yahoo Inc and Google Inc. He wrote a letter to prospective shareholders saying “Simply put: we don’t build services to make money; we make money to build better services, and we think this is a good way to build something. These days I think more and more people want to use services from companies that believe in something beyond simply maximizing profits.”
Kitguru says: His age is seen as a benefit, especially as social networking targets many people his own age, or younger.